You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Macy’s sales slip, says shoppers wary of spending

Over the past year, Macy’s stock is up almost 27 percent.

Associated Press/File 2011

Over the past year, Macy’s stock is up almost 27 percent.

Continue reading below

Macy’s Inc. posted a disappointing quarterly profit of $281 million, or 72 cents per share, short of the 78 cents analysts expected. It was the first time Macy’s profit had missed forecasts since 2007. Revenue slipped to $6.07 billion, short of the $6.26 billion expected, according to FactSet. Macy’s, which also runs Bloomingdale’s, lowered its full-year earnings forecast to $3.80 to $3.90 per share, down from a previous outlook of $3.90 to $3.95.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com